Australian fund Arnott Capital said in August 2025 it would bet against Pop Mart, maker of Labubu dolls.
Key Facts
- Fund: Arnott Capital
- Target: Pop Mart
- Strategy: short selling
- Claim: Labubu resale prices peaked in June
The Argument
Arnott said blind-box sales created a “pseudo-lottery”. It warned of too much stock.
Frequently Asked Questions
Who is betting against Labubu?
Arnott Capital.
What is short selling?
Betting a share price will fall.
Why?
It says the hype is fading.
Conclusion
Whether the craze fades remains to be seen.
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